Al Aseel buying 20 new healthcare facilities

Al Masah Capital of the UAE has announced that its subsidiary Al Aseel Investments will be purchasing up to 20 health-care facilities across the Middle East and Northern Africa. They plan on spending up to $150 million to solidify their position in the region’s health-care industry. Al Masah spent $250 million between 2005 and 2008 on hospitals and health infrastructure.

The new purchases will likely be in Saudi Arabia, Oman, Dubai and Kuwait among other Arab countries. Egypt and Morocco are also on the short list. Last week, Al Aseel bought two health facilities in Dubai, kick-starting the series of acquisitions. The UAE recently introduced mandatory health insurance regulations, so it is surely a growing market for the investors.

Al Masah Capital of the UAE has announced that its subsidiary Al Aseel Investments will be purchasing up to 20 health-care facilities across the Middle East and Northern Africa. They plan on spending up to $150 million to solidify their position in the region’s health-care industry. Al Masah spent $250 million between 2005 and 2008 on hospitals and health infrastructure.

The new purchases will likely be in Saudi Arabia, Oman, Dubai and Kuwait among other Arab countries. Egypt and Morocco are also on the short list. Last week, Al Aseel bought two health facilities in Dubai, kick-starting the series of acquisitions. The UAE recently introduced mandatory health insurance regulations, so it is surely a growing market for the investors.